Many years ago, my family and I were living in a low-cost flat somewhere around Setapak. We lived there for many many years.
Once my sister and I have a steady job. We decided to move to a bigger house. As the flat unit is about 529sft and there were 3 of us, we felt crowded in the house.
The flat unit we lived could rent out for RM500 per month. We decided to find a bigger house to rent with the same price.
After a few days of searching, we finally got a house in Rawang. A double storey house with 4 rooms and 2 bathrooms, facing a field and the rental amount was only RM500.
The owner bought the house for about RM180,000 and paying an installment of RM800. Rented out the house for RM500 and still need to top up about RM300 monthly to the bank.
In reality, landed houses rental is never sufficient enough to cover the bank installment. If you’re thinking of buying a landed house and get a return in a rental, I think it is just barely possible.
Now, moving from Setapak to Rawang was quite far. Anyhow, we’re able to manage it after making some arrangement.
The house was spacious, plenty of places to cook, hanging out, facing the field, gated, near to grocery store, 10 minutes to the Rawang town and so on. We were so excited that we organized a BBQ for friends and families.
But, after staying for two years there. It’s can be exhausting.